Source-to-Pay (S2P) solutions provider Zycus launches Zycus Pay, a new embedded payment solution developed in partnership with B2B payments infrastructure provider TransferMate. The new solution enables clients to execute and manage B2B payments directly within the Zycus platform.
Zycus Pay enables customers to pay suppliers in more than 140 currencies across over 200 countries and territories. It supports multiple payment methods, including Instant, ACH, Same-Day ACH, Domestic Wire, and International Wire.
Streamlining the source-to-pay cycle
By integrating TransferMate’s global payments infrastructure, Zycus aims to help procurement and finance teams bypass manual banking steps, reduce errors, and accelerate the entire Source-to-Pay cycle.
“With Zycus Pay, customers can now process payments directly within the Zycus platform, making it a fully automated and seamless experience to execute and manage B2B payments globally,” said Bikash Mohanty, VP of solution consulting and product strategy at Zycus. “Partnering with TransferMate has enabled our global customer base access to multiple payment methods, worldwide, all within a fully regulated and secure platform.”
Leveraging global payments infrastructure
TransferMate provides the underlying payments infrastructure for Zycus Pay. The company operates a large e-money and payment licence network, with 98 licences across 92 jurisdictions. Through its software and APIs, it offers a suite of capabilities including global payments, receivables and stored funds.
“Zycus Pay is all about giving procurement and finance teams the ability to manage payments without friction,” said Gary Conroy, chief executive officer of TransferMate. “The combination of Zycus’ industry-leading S2P platform with our global infrastructure means less manual work, fewer errors, and more savings for clients – all delivered through a single embedded solution.”
The new solution is being showcased at the Zycus Horizon 2025 conference in California. Zycus, a leader in procurement technology, provides a comprehensive S2P solution that utilises its Merlin AI Agentic Platform to orchestrate intelligent AI agents for processes such as autonomous negotiation and automated invoice processing.
